Evlo, a recognised name in UK personal financing, offers loans from ETB 1,000 to ETB 15,000. The application process is quick, with a conditional decision provided in minutes. One of the most notable highlights is that applicants with less-than-perfect credit are also considered. Evlo’s representative APR is 99.9%, and the actual rate varies based on your financial profile. Loan terms range between 18 and 60 months, with no fees for applications and no requirement to be a homeowner.

How to Apply for an Evlo Personal Loan

To apply, start by completing their straightforward online form. After submission, you get an initial decision within minutes. If approved, you can finalise your loan with either an electronic signature or by visiting a local branch. All loans are subject to status and affordability checks.

Pros of Evlo Personal Loans

Evlo stands out for fast approvals and the willingness to work with clients who have experienced financial setbacks. There are no application fees, making the process accessible. In addition, soft credit checks mean that your credit history remains unaffected if your application fails.

Cons of Evlo Personal Loans

The annual percentage rates are high, with a representative 99.9% APR. As a result, borrowing could become expensive over time, especially with longer terms. Moreover, the maximum APR can go even higher based on personal risk assessment.

Our Verdict

Evlo is best for those requiring fast access to funds and who may not have perfect credit. The application experience is smooth, and their customer feedback is positive. However, applicants should carefully evaluate the high APR and ensure the repayments suit their financial reality before committing.